The Price Of Southern Copper Corporation (SCCO) Has Climbed $50.68 Past Week

The stock of Southern Copper Corporation (NYSE:SCCO) decreased by -$0.01 on Monday to $73.58, down -0.01 percent. The last five days have seen an average of 825,684 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $13.06. The average number of shares traded over the last 20 days was 1,421,551, while the average volume over the last 50 days totaled 1,309,384.

SCCO stock dropped -2.80% since last month. On 02/13/23, the company’s shares reached a one-month low of $71.48. The stock touched a high of $79.32 on 02/01/23, after rallying from a low of $42.42 in 52 weeks. The price of SCCO stock has risen by 21.84% or $13.06 this year, reaching a new high 11 times. Still, the stock price is down -7.23% from the 52-week high.

Insider Transactions

SCCO stock investors should be aware that Southern Copper Corporation (SCCO) stock had its last reported insider trading activity 339 days ago on Mar 11. On Mar 11, Chairman of the Board VELASCO GERMAN LARREA MOTA sold 200,000 shares at $74.94 each. This transaction resulted in the insider making $14,987,600. On Mar 10, VELASCO GERMAN LARREA MOTA sold 100,000 shares at a price of US$74.97. After the transaction, the insider now owns 574,966 shares. Chairman of the Board VELASCO GERMAN LARREA MOTA had earlier sold 50,000 shares on Mar 09 for $74.87 a share. The transaction was completed for $3,743,350.

Valuation Metrics

Southern Copper Corporation (SCCO) has a trailing price-to-earnings (P/E) ratio of 21.56. Beta for the stock is 1.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.73, the price-to-book (PB) ratio of 7.52.

Company paid $1.00 per share in dividends, an increase of 100.0% from $0.50 last year.

Financial Health

For the three months ended September 29, Southern Copper Corporation’s quick ratio was 2.60, while its current ratio was 3.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.83, and the total debt to equity ratio is 0.87. As far as profitability goes, gross margin for the trailing twelve months is 54.60% percent. Southern Copper Corporation’s operating margin stood at 52.90% for the same period. Based on annual data, it had gross profit of $7.04 billion and revenue of $10.93 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SCCO’s return on assets (ROA) during the last 12 months has been 16.60%. There was a 25.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 37.00%.

Earnings Surprise

According to Southern Copper Corporation’s quarterly financial report for the quarter that ended September 29, it had $6.25 billion in total debt versus $0.3 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.16 billion, while revenues fell by -24.29% to $2.31 billion. It was predicted that Southern Copper Corporation’s quarterly earnings would be $0.67, but it ended up being $0.59, beating the consensus by 13.60%. EBITDA was $979.2 million for the quarter. At the end of Southern Copper Corporation’s most recent quarter ended September 29, its liabilities totaled 9.46 billion, while its total debt was $7.03 billion. Equity owned by shareholders amounts to $773.1 million.

Technical Picture

Here’s a quick look at Southern Copper Corporation’s (SCCO) price momentum from a technical perspective. As of 10 February, the RSI 9-day stood at 44.63%, suggesting the stock is Neutral, with a 28.50% historical volatility rate.

The stochastic %K and %D were 23.17% and 26.20% respectively, while the average true range (ATR) was 2.28. Based on the 14-day stochastic reading of 27.06%, the RSI (14) reading is 53.61%. On the 9-day MACD Oscillator, the stock is at -1.24, and the 14-day reading is at -1.18.

Analyst Ratings

In its most recent analyst report, Wolfe Research raised its rating on Southern Copper Corporation (NYSE: SCCO) to a Peer perform. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Southern Copper Corporation (SCCO) an Underweight rating. SCCO is a stock that is recommended for selling by 7 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.

What is SCCO’s price target for the next 12 months?

The current consensus forecast for the stock is between $43.00 and $80.00, with a median target price of $58.00. In analyzing these forecasts, the average price target given by analysts for Southern Copper Corporation (SCCO) is $58.09.

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